 Good morning traders and welcome to the pro trader webinar series today with Scott Pulsini. Futures trader Scott streams with us every Thursday at this time at 10 a.m. East Coast time. If you don't know Scott he's been trading for over 20 years and during the years of 2004 2002 to 2005 Scott was responsible for trading 10% of the S&P E-mini futures volume. This is a pretty incredible number and it's you know you couldn't I mean he was that big of a scalper so I you know every tick was like I don't know 5,000 or something like that or more and so anyway now Scott focuses on both trading equities and futures. He's an expert scalper has an innate ability to quickly read the order flow and volume within price patterns. So I have Scott's contact information here of his website email Twitter he has a trading room here he has some educational course courses here which he's going to elaborate on he's updated those so you might be interested in that he'll talk more about that and then we have some disclosures general disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies involves a substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results so Scott go ahead and share your screen and we'll get started I'm gonna get my screen there yeah got it that work or no yes yeah yeah you're there I'm also gonna put in that I don't know if you want to share this on your I don't know you can share it from where did you share my information in YouTube and few stuff stuff yeah I'll put it in YouTube and in discord your text so I'm gonna put that well I'm gonna put this document so this document has all my stuff including the link to my newest course that I'm releasing today okay do you want to put it in your text channel and I can copy it there I put it in the futures text channel futures yeah scuffle see I just put it in there okay your scuffle see any futures channel okay I'll grab it let me see you don't see it let me know okay yeah and I'll put that new course into the into the chat excellent awesome all right good morning everyone what going on right now that there was a ton of activity and then Nasdaq and Russell we'll get into that RTY there's a fed gentlemen speaking I'm gonna speak about him in polite terms right now but we call them other names and they come on especially unannounced and throw the market for a loop but he is Fred Fed Harker is speaking right now so you probably hear some comments on the squad by squad box what he's saying anyway I'm currently short as tech we'll go over how I got short but I'm this is a new volume event that just came in and this is a stop run over 300 NQ stock stock sell NQ 179 contracts and there's some more so I am going to trail my stop to this newest event and you can see that these markets are really ripping around you know pretty dangerous trading right now especially with our Harken talking but at least we've got some movement so so it's usually good cop bad cop so obviously he's saying something that's not very favorable but he usually these these sub-fed dudes usually come out and pump the market up with positive comments dovish comments and then Paul comes out and lays the hammer down usually with his negative talk so it's usually a big game that they do with their with their speeches but he's obviously not dovish today so market is responding to the downside I'm sure there was some quite some divergences anyway I'm still short a couple here I got out of a couple we'll go over where I got out of the original ones but right now I'm looking at so the way I trade and we'll go over all this stuff once I get my bearings here but the way I trade I get out in certain areas and certain important areas will go over that and then my final piece is trying to get down to this I'm trying to hold it to this the blue lug load weight levels we call them they're in the sheet that I posted and these are very important you can see this area from earlier work perfectly but I'm trying to get down to there so I always try to hold a piece of my trade to the major lug it's my goal and that's pretty pretty close to confluent with the bottom of this market profile as well all right let's guess a little about let me get my texture for one here too and then we'll go over some the new market pulse by book map as well and I'll talk about my new course a little bit that's only taken about a year to get out to you guys but it's finally out and much better format which I'll show you yeah all right so that's that so I'm short I can add to these shorts potentially off this newest event it's here this is a hundred ninety seven cell stops here and another hundred here added up so what I'm going to do here I'm just gonna make this one big zone about it every day most of the stuff I'm doing as far as the zone drawing and everything else is pretty black and white but some days you're gonna have you know just these are markets right so you're gonna have things that aren't as clear or a should I add this in the zone and things like that but you know so you had 200 stops here and then this was not threshold so my threshold for Nasdaq is 150 but when you get back to back that they're over 150 I'll include that so these zones is we're trying to find these high concentrated volume areas where there's trap traders right so this is obviously you know the actually I should be starting this a little higher too we'll go over why I do that I need to move this zone up too so this is pretty wide zone but I will still straight off of it so we'll see in my spreadsheet you know it doesn't matter how wide the zone is or what the volatility is you can you adjust your risk as far as how many contracts you're trading you don't adjust what you want you don't impose your will on the market like well I don't want to risk that much on this trade talk about it every webinar I've ever done you know so many traders and it's the biggest fluff traders amateur traders retail traders is they trail their stops based on what they want to lose or they have this these set set stop amounts right so like I get email I use to get emails all the time like well I love your style but I don't like how your risk for instance let's put this in I don't like how your risk you know 60 points in Nasdaq well I am adjusting to the volume events and the volatility right I don't impose my will on the market so I'll get these emails I like to put on Nasdaq trades but I only like to risk 10 points to make 30 okay you know if you put in your you put in a trade and you're risking 10 points in a day like today you are 99.9% going to get stopped out of the market just on random rotations because it's so volatile right the ATR right now is 26 points I mean that's actually not even high it's probably gonna spike up even more that just means it's rotating about 26 points 26 and that points every five minutes so if you're putting in trades with only risking 10 points you're just rolling the dice that you don't get stopped out on randomness and Algo Algo though you can see these these algos that looks like a Christmas tree they just whipsaw the market when they know nothing's going on just like we can see with the book incredible bookmap SI indicator these algos know the same thing and when nothing's going on that's when they start to take traders money who love to trail their stops right so and I'm gonna show you the back over here first let me get this zone and the spreadsheet because I have to trail my stop to this short position I am on so the spreadsheet is now available to you guys as well I put that in the document I have a subscription for it you get it free for if you're in my trade room but if you you know some people have jobs or they don't have time to be in the trade room you can have access to the spreadsheet and so this is the website you can get my spreadsheet in these inflection zone charts that we'll talk about at length there these important areas these calm busy zones you can get access to those you could see like this morning yes bounce right off it this one right so many requests for this as a subscription tonight I get access to this stuff so I'm gonna refer this spreadsheet nonstop this thing is a godsend a couple guys in my room have helped me build this out now all I have to do is basically put in the zone prices and the ETR and it tells me exactly where to get in and out so I'm sitting there questioning the rules how we trade these these important volume events right in these zones so just basically plug it in and you get all your prices which I'll show you're 15 173 is the bottom of that zone plug that in and you are as 26.74 and then while they are this it's just a 14 period look back I could find today there you go today anyway that's this part of this year it's just that the default on thinkorswim so you can get this set this up on any trading platform ATRs you look see the middle there 26.74 so that's how I judge volatility and the two most important things in trading are volume events volume areas and volatility right so this thing may swipe right down the blue log right in here this is my favorite ball so I'm gonna put this I'm gonna put my order in a lot of times I'll judge when the market gets down to the lug if I want to hold it most of the time very very high percentage time about bounce right off as you can see right here I mean this was I made jokes sometimes and how these things are so powerful is the second most powerful thing I've ever seen in my trading I've been saying it for two years now I'm next to the SI indicator from book map but I always make jokes like you can wake up in the middle and I throw a throw a short on at the red lug risk a little bit above there and then you know go to sleep and wake up and get out of the blue look right so this one looks like that's getting up in here so I'm gonna put this in right in front of this lug my exit in case I'm talking about other stuff which happens all the time so that blue looks many 450 I'll go a couple points in front of their 9650 is where I'll get out of my last couple so I'll go over how I'm short from way up here once I get my bearings here so in the meantime I can after I plugged in that new zone I can trail my stop now to this newest zone so if I was short right now I would stop out in 1950 so that's where I'm going to stop if this mark comes back if not which is quite a ways away if not I'm gonna let this puppy roll over step by step what I did to get short you can see here they're just hammering these stocks and you can see this so book map now has their version of this and it's like this on steroids and it's called market pulse you can see here let's turn on this is the hourly so I will go over this too but you can see this thing has just been dominated by heavy sellers this entire move down right so it's just another way to know who's in control of the market this and a sweet ending here you can see here they're actually trying to sweep they didn't do so by by sweep they didn't do too well up here but you can see overall it's just been heavy selling all the way down that's no surprise with this move down but we'll go over some I have strategies I'm gonna have a new course on this too soon you can trade these air these are more for scalp type trades these aren't as as powerful as the SI indicator events but there's still I've seen some really incredible stuff with it and then you can use this stuff like I can use this to get out of trades too as far as my position trades where it's the same this might happen here right since this comes down well first of all you can already see the selling is kind of drying up as far as market pulse is considered concerned right so yet selling that was part of that stop run you had selling and now the selling is not really doing the buyers are fighting back down here obviously you can see it on the bubbles too but this is telling you this may be close to the end of this move for now right so my point is if I for instance if I were to see heavy selling heavy selling on on the market pulse it's just spinning and it starts to run away well I can get out of another contract type of thing right so we'll keep an eye on this see if it makes the other thing that I want to keep an eye on there was some monster by ice here in Russell at the open I didn't even get a chance to trade this or even look at it right now and this is almost three times threshold so I have thresholds for each product I go over that in my my course thresholds meaning amounts that I believe are tradable I know are tradable from watching these markets for so long I'm watching these events for so long thousands of these setups I know what's tradable what's not tradable right so anyway that came in which is still in this zone anyway and then you had 314 461 252 279 so somebody was buying this thing like crazy and it reacted out here right so this is why this is the most important thing you look at it very important to know hey wow somebody just came in and bought 1300 contracts look how the market responded right and it's just now starting to retest this area so I may taking long off of this event that happened a while ago nothing really happened since then so this is the perfect day to I talk about this in my course as well where you want to increase your threshold won't threshold for Russell's 150 meaning I'll trade off of 150 or higher event on the SI sub chart today you don't want to be using 150 there's four five three four five hundred come in do you think 150 is important I don't right most days you're gonna only see threshold events three or three to five times in a day well we've already seen 150 plus hit six seven times right so I'm not using 150 today I'm probably gonna go 300 or more or I'll draw the zone right so I need to see 300 going forward to draw the zone and trade off of it right but as far as this zone's concerned I could potentially take this is the move away ATR more than ATR obviously retest failure will go over all this as we get into this webinar but I'm watching this zone for a retest failure and I possibly go along you can see here though there's still hammering these thing stocks and I know book is coming out with the market pulls for stocks eventually to do you have a timeline on that Bruce is that pretty close I know you guys have been working on it for a while it's already out for stocks I mean it would market pulls works on any market I mean do you have like like a kind of a fang stock oh oh so yeah no like a synthetic instrument I'm not sure I know that some do out very very soon if I'll have to double check on that it I know that it's very soon if it's all not out already I'll get back to you okay um all right so let's go over this quickly where I got short to begin with and I was scrambling you know because I'm trying to get ready for the webinar figure out where we're at as far as my thesis will go over thesis stuff I base the thesis off of these zones as well you know this the structure stuff that I talk about or that I use in my trading in my trade room that you guys have access to as well now but I was lucky to get this off I know I missed another one up here I just started the stuff firing off like crazy there was it there was a pre-market event and as I can see if we can find it here I think this was it right here so this is this was this is threshold and this was pre-market so that's definitely tradable event and that looked like that it did the exact move that we talk about non-stop the ATR retest I used to say ATR retest failure we changed it to confirm so you're basically confirming the move it moved down retested the area which happens non-stop we actually have a trade reversion trade for this and that's in my spreadsheet as well go over that but because it happens so often it's ridiculous anyway that failed so you could have been short off of that I was lucky to get in this and I saw this did retest this here was that not dead zone actually I didn't get short this one I drew it and then the markets were ripping and then I end and I'm getting short this one so I missed out on this is already a huge trade like I this would I have a very nice winner on this trade and I missed out on I could have been short from up here I missed out on about 70 points of this move but I got short on this event right here so you can see this is right after the open 370 sell ice there's this black zone here there's there's your typical ATR retest moved away in ATR almost to the exact tick came back retested I took a short called the bark short that's my trading strategies I'm gonna have a course off of for this and the ATR reversion trade which we'll get into I'll have these out in the next week I was hoping to have them done by today along with my new course I as I indicated of course but this is the bark it's basically any ATR retest confirmation trade of a volume event right so that's what that was ATR retest failure from this volume event here and then I what I'm doing for the barks because they're so they're they're a very active trade they're all over the place I make sure I'll go guy this so this is we call it I'll go guy this an exponential moving average show you guys this every week I make sure this is in my favor and you can catch them may there's many ways you can trade this I post that video every week I'll post it again in the YouTube channel explains this exponential where average means you can come up with like 20 different strategies based on this but this is just a great indicator of this this trending move so I I will only take by aggressive my my barf trades and my lick trades we'll get into those like I said but the barf trade again is just any volume event ATR retest failure but I'm only taking it if I'll go guys in my direction because I went back and was looking at my trades which you guys should all be doing so you guys I talk about this all the time this trader saying you can get discounts to this on my website as well as everything else that's in that sheet that I posted but anyway I was going through my trades a couple months ago I'm like well most of my losers are like with my barf trades and I like trades are fighting against I'll go guy so I made sure I'm making sure that's in my favor it's just one another filter I use to to get in my trades so anyway I got short from way up there the time ATR retest failure got short right around 40 ish I think it was 30 above here and then as new events events unfolded I was able to trail my stop based on something that was happening in the market not because I was trying to avoid losing money if the market came back that is the second biggest fault of traders retail traders and this is a perfect example right I actually almost got stopped out here but I did not but if you're a retail trader you catch that move you're like alright I'm gonna I'm just gonna trail my stop I don't want to let this thing come back on me and you get stopped out probably right in here I don't know how many traders even on here probably just probably happened to you get stopped out and then the market moves another 200 points down and you're sitting here holding the bag with nothing in it you're like okay see this this is why I forced the market to get outside of the volume event we have exact rules ATR plus a percentage outside of the of the volume event to stop me out so I don't get algos the algos algos they did not algal me you did not win there mr algos right so I'm still on the short I did not get algod out now this is heading right down on this blue lug and I will be out of this puppy on here right now why not get filled why am I not filled on this trade I thought I said 86 I misread that hold on a second right so I'm out of that I'm out of that short usually I'll wait and see if it can bust through this is where again where you want to use your market pulse and tick strike you can see they're still hammering these stocks and your bubbles and everything else that incredible in this book map but you can see here let's turn on market pulse again you see these actually that's the five minute I want the hourly there's the seller this won't even get below the zero line so this I'm not just saying you blindly buy here but I'm short we're at an important support area you can see they're starting to buy swipe it the sellers have really not been you know the buyers are fighting back this is showing you net net buyers sellers and on the market pulse so this is a this has a very very good chance of bouncing am I taking a trade right here long no because my driver are the SI volume events but if you're in trades you can get out you know when you're seeing things like this or an important area so I have distinct important areas that I get out as the market you know I'm gonna go over where I got out of some of this nasa tree because I didn't hold the whole amount this whole way down it still was an incredible trade so number five I pay myself as the market makes money available to me love with the levels that's where I just got out of my last two market profile composite highs lowest points of control bweb extreme standard deviation so you can read all these this is where I get out of some of my positions so I'm well aware of taking our trades where when you put a trade you want to make two three four our new money absolutely but that doesn't mean I ignore important areas as the market heads down into them right so you know as this was coming down here I got out of some where was it it was that was a little higher than this actually it was this it was this prior one which was confluent so it was this prior market profile composite confluent with the point of control pretty close to the point of control and then there was baby lug so I got out of oh and then it was an inflection zone so I got out of I had four our six on I got out of four here right I got out three quarters because it was also one of my inflection zones very important zone at the time so this market opened up came down into the zone this zone was already important and this is where this market gapped out of overnight get this off the screen so this closed here yesterday opened up here that's a big gap that's directional conviction came back this was a balance area for the last couple days as well I said okay I'm out of and then those other reasons I just showed you as out of four is six I helped so this this is now we're getting a bullish event here so this is what do I call a slug right here this is the highest winning percentage trade that I have by the way on these in these trading strategies stop run at a major lug major lug are already incredibly powerful as I spoke about and there you go resistance put your wake up put your trade on get up out at the blue lug anyway here's a stop run into the lug I already know from the market pulse the buyers are fighting back down here now we have a stop run usually stop runs are not initiative buying or selling their guys puking so now I have a you this is the you know the theory behind it you have a puke that's not real buying or selling into an important support area right which are the most important sport that I've seen are the bucks so I'm going to draw this area and I will potentially I'm already out of my short I will flip and go along here if I get my with my rules here to this trade trade area then I'm going to flip and go along I'm already out but I've been short now I'm going to go along so so Vadim got back to me about the market pulse tool for the synthetic instruments it'll be about a month it's in beta testing right now awesome can't wait to see that that would be that'll be basically this on steroids I'm very excited about this this isn't even a synthetic this is just showing you the individual stocks market pulse already has this but I want to see all of these make stops wrapped it up into one and see how that that works that's going to be pretty incredible I think yeah all right so let's see here the stop runners trying to see because you can see in the sweeps indicator somebody swept this order book and then it looks like it triggered the stops so whoever's sweeping gets first right to the orders and then the stops trigger so the sweeps were occurring up here they're trying to sweep the same but I know the stops weren't there because they would have fired there but I don't know if the stops were so you can see where the stops started or I don't know if they're at this price this price this price so I try to start where the sweeps they haven't already touched because you don't know where the stop runs where the word because they get second right to the order book the sweeps get first right so I try to draw them based on the sweeps so I think this went down a little this is all covered in my course as well by the way just quickly I'll probably cover this a couple times here just to show you guys so this is a brand new format it's way more orderly you can see here it's my old one was you just downloaded and there's a couple videos right because this is that was three years ago I had no idea what I was doing I knew what I wanted to show anyway this is way more it was my smiling face right there but you get this is all the stuff you get about the settings and what I'm doing and the drawing of the zones and then there's a lot of information here this is why it's taking me so long here are all my setups you have the new setups actually Bruce named the setup step rose that's the sixth wonder of the world that's right and you have the using the atr this is how I trade so there's a lot of stuff in here and ends up with a nice little video of me you get to see me since no one really sees me anymore so I'm always on just doing the voice overs on these webinars so that's the new course it's in I put it in the link Bruce should have it as well put it in the discord channel and the youtube channel so a lot of work on that puppy but it's nice and orderly and everything's explained in there as far as what I'm doing all right so this actually is so let's put this in the zone and I just want to make sure this is accurate sorry if I'm giving you guys headaches growing back and forth here just want to make sure this is correct right so that was that stop run there so this did pop up above here and we've talked about how you draw these zones but the more and being in webinars with Bruce and everything I've learned how to act more accurately draw these and I go over that in the course as well so the stop run happened there price popped up in here I have this set at 10 seconds so were these part of that stop run no this just continues for 10 seconds on my clock just to help me incorporate you know most of the activity but you can see like this was the stop run that's that which I probably didn't have to go down this far kind of kept coming in I think that's okay but I go over at length how to draw these zones accurately so that's the zone I'm going to use for this 150 90 50 to 87 this should be on an exact price at my spreadsheet and I'm going to potentially go along here actually I'm going to take a slug only if we don't get new lugs with the new lugs develop then the slug is off the table there's new lugs so no no slug on this one so we move down to the next one then I'll take it but it's telling you something too when you draw new lugs it's giving you powerful information there's so many ways you can use these support and resistance just the basic stuff targets basic stuff then when you draw new lugs you can start coming up with the thesis and what's going on so the tendency for lugs first of all to draw new lugs something powerful is happening in the market which is changing our parameters for these things right when you draw new lugs the thesis you can come up with it should hold prior blue current directional yellow if it's going to remain bearish and here's some more stops we'll get over to that but for right now I'm expecting next blue if this can hold prior blue yellow that's the thesis just a just a short-term thesis on these things right if this market rebounds it gets above prior blue direction of yellow then I would expect red is my next target right so you'll see it's just every market these things are incredible right so I can't give them enough praise you know I don't add things into my trading very lately it took me many months about two years ago I had a guy bragging he had made you know he was trading micros and he was doing so well with the lugs he made like a million bucks in a few months and he kept telling he's in my trade room he kept talking about him he's like these things are incredible and then I watched him I watched him for a few months before I even mentioned him to anybody and then now there are an integral part of my trading so you'll hear me talk about him quite often all the information is in that document and you know her spreadsheet and I mean her website and you go there do the free three day trial and then you get access you get special pricing so on and so forth if you say you saw it on the webinar all right so this is the most recent buy-in event let's draw this and NDS today really surprising so far so we'll see where there might have been so here's another thing too you want to get this alert window up on here because I hear stuff but I don't hear a lot of times especially when I'm on these webinars I'm covering so many markets so you can see everything everything that you've been hearing is laid out in text form here how you get that you just go to your main map page which is this one here and you just go to file and alerts and then now this will pop up so you can see them and you can hear so I don't see any yes at all I have a lot of Russell a lot of NQ a little bit of gold actually I was long gold so I'm long gold and I'm going to quickly draw this zone and I'm going to trail my stop to this new event this is like I've been telling you this is how I trail my stops right based on something that's happening in the market not because I want to don't want to give back my profit right I don't want to give back my profit but I the market doesn't care what what I want to do the market cares about volume events and about volatility so that's why I will draw this big buy ice event that just came in I could potentially add to this trade too so this that I'm going to just change this color so I know what type of event it was which I've used light blue for my whatever color that is colorblind for my eye zone so you can see this was almost 300 buy ice right there all the prices here so you can see you can see it on the on chart as well this yellow line right so this thing plateaued after this point so any price that came in after that it's not really part of the iceberg and then again I go over this at length in my course but like this price I my old way of drawing these which was incorrect for a long long time was I would incorporate every price because I have this draw for me for a minute well is this is me putting another example of me imposing my will on the market just because I have it for a minute does that mean every price in here was part of that iceberg now once it plateaus that was it that's the iceberg right I don't have to incorporate these prices so it can be very confusing especially I've been trading them different for a long time I would usually bring them down here but you know I've adapted and purse taught me that it showed me the light so this is the the correct zone 1947 1946.6 again I go over it at length in this trading course the first couple videos are how I used to draw them right and then we get into like trading examples and then updated on how to really draw them what's great about this format too I can add things in going forward and you guys get access to it right so if I go in there and there's a new icon I'm going to put in new events I have another setup that's in the works that I could just put it in there and you guys have a continuing education so that's another great thing about that medium I'm now using sort of just flat out downloads that I used before 1947 and 1946.6 I just want to trail my stuff because I was already long all over that if I get a chance I was pre-market as well in 47 so I was long from 31 last two digits so now I can put in this zone can I stop is that 89 so you're going to watch all those changes now I plug in my plug in the new zone 1946.6 right here at 89.4 I'm going to drop in about 15 to 17 to 35 minutes so now my new stop price is 47 so I just say myself 60 takes a risk here because what I did originally was I took a long off of this volume event down here right at the open actually I know this before the open it was right here so I incorporated both this buy ice and the sell ice in one zone right I just want track traders so there's activity here somebody's placing bets in this area somebody was wrong I took advantage of it that's what we do that's what my trading style is and that's the most powerful trading style you'll ever see in my opinion right so now my stop was originally an ATR below here which was in the spreadsheet at 89 last two digits I had it an ATR plus 10 below that so now when I get into event I trade all my stop to an ATR below there so that price is now 47 so I will make if this comes back and stops me I actually I should already be stopped out I got lucky there right so I just 47 hand touched I desire so I'll put it in if it comes back I basically got lucky I should already been stopped out of the straight yes I said I got lucky doesn't happen very often 47 and now I actually want to see some areas the only thing I have them paying attention to talk about the areas that I get out where we at and as I just bouncing around here all right so this is just so here this is today's trade so I wouldn't have been out at the bottom of this market profile because that's basically right where I entered yeah that's about 20 ticks I could have got at us on there this is getting close to this uh you know lug if it gets up to that you know look I'll get out of half these I have 12 on I'll get out of 12 micros I get out of six of them at that yellow log is that a baby look up there too looks like a baby look as well so I'll get out probably I'll say 95 so I'll get out of six at 95 I'm paying myself as I'm right I pay myself as the market makes money available to me I will hold a portion then until another important area and that could be the top of this market profile composite potentially which will be confluent with extreme standard deviation of VWAP my final I always try to keep a piece on until a major look right so I'm that's where you get your multiples I would get out of some as it makes money available to me but I'll try to hold a piece that or an opposing volume event is where I'll get out of the final piece so that's if it doesn't come down I should have already been stopped out of this per my rules maybe maybe I'm walking around lucky and I don't even know it and if you know that movie you get an A plus I might even give you my course for free if you don't know what that might be from you got five seconds to answer five four three two one anybody answer that purse what movie that's from uh no literally I I'll give you a hug too if I receive you know that I didn't even I it kind of blew by me what exactly was the quote it might be walking around lucky and not even know it because I was saying I got lucky and I didn't get stopped out of that gold tray when I was supposed to be stopped out anybody know anybody putting it in nope wow that was for a free course guys that's a thousand bucks um let it ride it's a dry frist horse racing movie are embarrassing I'll give you guys more chances not for a free course that was that was one in one shot but I'll give you more chances to at least get on my gold star list my room's pathetic too with movie quotes like that's all I do is quote movies as I'm trading nobody ever knows any of them all right any questions Bruce so I can take a breath yes um Sean is asking about the rty um you know the rustle uh atr trade um had it been taken uh it would have hit its stop law stop loss right uh the atr trade yeah yeah but we have we have distinct rules uh in my room on when you don't want to potentially be taking these atr trades I don't know we have disqualifiers right so this is the second part of the spreadsheet where we're literally making advantage of um I'll move back to the volume event right because they happen so often so if you guys have watched any of my webinars for the last five years all I ever talk about is you get a volume event and I say okay it's about 70 percent this is just from my my um you know watching so many of these it's 70 or more that the the market will retest that volume of that what you don't have three stock sell nq 170 to contract so yeah no event um so in in Essex so like grains bonds natural gas if you want to use the three I want to use the 83 atr that one seems to be working the best so you can see they're all on here right so um we'll go over the rustle here in a second but this is part of the spreadsheet that you guys have access to here as well you know if you get in here you have access to the atr trade and I'm going to have a video of course on this here the next week too how to exactly trade this but it's pretty self-explanatory you put your everything's based on the zone atr and then you go down here and here's all the prices so if I wanted to go along on the event whatever we'll do it here for the nasa we'll give this one a try the atr I don't usually take the atr trades on these webinars I can't keep up with them they're two especially the ones it's just I can't do it I'm watching too many things so here's two and our two sell stops but yeah it looks like that atr trade would have got smoked and rustle but you know there's bigger stuff going on and the other thing the main disqualifier why you shouldn't head that on whoever asked that I think it's from my room I don't know why I'm not asking my room but um when you got fed guys talking you should not be putting on atr reversing trades no information is hitting the market right atr reversing trades are playing for these algos so um for reverting back to the zone let's see where this started so I know see these sweeps come in I came in I know it didn't you see these just these black bubbles I know that the stop run didn't happen there or was not there because this price traded and kind of you see blue bubbles so that didn't happen you see blue bubbles there so I'm going to draw that zone starting there because again sweeps get first right to the order book who knows where they were the actual stop run in this in this um this pattern here so that came down to there it was a hundred but it came in more down at 172 there so I'm going to incorporate those as well see if it's spiked even further it's spiked a little more there right out a ton but I'll just incorporate all these right because I'm just trying to get this one it actually did cover this entire 10 seconds because it kept coming in a little more right so I want you could probably tighten up a little bit I don't know if you want to include these last 18 but that's that's good enough for the zone for me it's a little wider but 150950 is the top of the zone plug this in and we'll see if we can get an ATR trade here to show you how this works very short-term trading we have another question on ATR as well in discord so it seems like one ATR failed many times today can you take a quick look at the NQ this was right 15 20 minutes ago so right right it failed multiple times guys because you know you don't know I don't talk about this trade all the time on these bookmap webinars I talk about them all the time on my favorite might still don't take them on my trim and that often while I'm on the webinars because it's just too hard for me to keep up with them but there are many disqualifiers why you don't want to be taking ATR trades today so far number one hold on I can't keep you think the one time you know 40 quarter you have a fed guy talking do not take ATR trades when fed dudes are talking there's new information hitting the market you will get your head ripped off as I'm assuming you did if you're taking that trade right that that guy's talking he's not talking anymore I don't think and then if there's high relative volume or high volume bars well I'll show you that what I'm talking about here in a second let me plug this on it so if you are in my obviously the people that are saying that I think are in my room right or else how would you be taking the trade or know what you're doing so this allowing everything that I tell you guys you don't take ATR trades when fed guys are talking first and foremost well I just got filled on something too oh I got filled on that gold yellow lug so I still have half my gold on I was I had 12 on remember I got lucky eating it stepped out here's the yellow lug I'm gonna we'll look at that in a second I'm out of half right there and now I'm trying to see if I can get to red look over that here in a second let's plug this in right so if I'm taking so there's two different trades on this spreadsheet position trading that's the strategy right and then the reversion strategy so if I take I don't know if this guy's still talking is the only problem here I don't like I just got done giving you the verbal lashing on I don't want to be putting on trades if he's talking reversion trades I'll put on position trades right because I'm looking for bigger moves but this is you know this is a different animal 16 quarter would be the one ATR right get down to 16 quarter now so I can take this one or two ways I can take it reversion trade one ATR away from the zone plain for move back to the zone one ATR below the zone back to the zone so we'll see which way this breaks this is like an algo there's no subjectiveness here right you put in your prices are all here you go long at 16 quarter you stop at 84 you're out at 3750 back to the zone that's the one ATR if you take the two you're in at 92 you stop out at 59 quarter you're out at the back to the zone all three of these are back to the zone that's all you're playing for the tendencies for these markets to rotate back to these volume events is unbelievable uncanny it's ridiculous there are guys so one guy in my room did it last week for the last two weeks he put up his stats he took 42 this is just off of the top of my edit you can go you can see it in the room he posted it he took RTY I Seisberg sell RT 161 I think he took 43 ATR one ATR trades 40 of them were winners I'm not saying that the trades 98% that's way that's that's just an outlier but the point is they're ridiculous so you can go in there as names of big alleys in my room you got another trader in there that's made you know I don't like talking about you know the actual profit and stuff but because he had a big account he started with 150 grand but he's made a he's made 10 times his account size since February and he trades ATRs in the bark trade so his name's Lance he's in there too he's accessible as well he answers questions on what he's doing and basically all he says is I follow the rules that Scott puts up that's what he says that series all right so anyway let's see which way this trades are this moves and I could potentially take a reversion trade I want to make sure so there's a couple disqualifiers this will be in the reversion course that I'm putting out here in the next week I'm not talking today I want to make sure one the relative volume is not off the charts right so if I'm seeing relative volume at two to one or higher I'm not taking ATR trades personally I don't take them you can do whatever you want I don't take them that means big money's playing this is not this got close to two to one this is kind of a coin flip it's kind of dying down you could take this one we'll give this one a shot but you know it was elevated and it was elevated you know for the last however many minutes right that's number one two let's look at the footprint the footprint is not going to be as indicative today because the ATR is much higher but we look at it right we have a range bars and I know if I'm seeing over 30 000 in the yes so there's nothing going on in the yes and we haven't earned any subs in there either or over 10 000 on these range bars I'm using yes I'm using the two and a half point reversal bar so won't draw a new bar until it reverses two and a points and then if I see over 30 000 contracts or in an area so here there's a good example right so it hasn't happened but this combined in this area is over 30 000 right I like to see it condensed but you could say say a volume of that happened right here and then you move away well do I want to be hoping that the market comes back to the volume event when I know a bunch of buyers here are underwater there's a you know huge volume coming in and these guys are underwater and they're going to have to probably puke out do I want to hope it comes back no that those are not good trades that's why I keep an eye on this and this may be confusing I don't talk about this very often on these bookmap webinars I talk about it all the time in my room and I'm going to have a course on it but in the meantime that's a disqualifier from disqualifier for me and then nasaq so this nasaq's more volatile today so you know I usually say 10 000 there still hasn't been a ton lately in these range bars so I could take this ATR trade is what I'm saying so let's see what happens here and the ATR is you know this is a radar I think hold on to that short at 73 50 stop out at 05 75 so let me get this I got the ATR and I mess around on this computer I got a couple different accounts I'm doing market pulse trades I'm one of accounts they're apex accounts we'll get into that too that's a great thing to use if you're practicing working on your trades don't have a ton of money to be trading we can't lose it then a apex is for you I'll go over that here if we get a chance to it's just a trader funding company I know there's a ton of them out there that's the best one I've come across I've been using it for two years I use it for the trading strategies and they do everything they say they're going to do so and there's not a bunch of games that they're just trying to take traders money for their to do the tryouts they're actually fun traders so that's why I use them all right so let's see here this account here well I'm going to so everything's in here right here's your prices I'm going to short at 73 50 I could put on eight to risk I'm risking 500 bucks I'm risking 10% of this apex apex account that's a lot of money that's a big risk percentage wise if you're trading your real account I would only be risking 2% on any of these trades this one's more ground being more aggressive at the apex I'm going to put on eight 73 50 that's the one ATR if it gets up there let's see what happens here again these are so hard to keep track of guys on these webinars so I'm going to do my best I'm going to put the I'm just going to put in the entry in the exit entries at 73 50 I stop at an 05 75 so this is less than a one-to-one trade which you know usually you would think so I'll show you this here in a second with the winning percentage you need to be able to break even hold on a second let me this is why I don't do these in these webinars this is just so hard for me to right then so I got a way to get filled and I'm out back at the zone right so what am I doing here there's two different things I can potentially do here position trade and the reversion trade the reversion trade is I'm just waiting for the one ATR out of here which is right now but you got this this is another thing you got to stay on top of your ATR right let's see what this is it's up to 29.36 so my prices are going to change right now my actual entry is going to be different that 76 I headed at 73.50 so I'm going to move that up to 76 because ATR this is all about the ATR right so I have to adjust until I get filled and then my stops going to be 11.25 so that's a six point difference just because the ATR changed a few points right all right so that's working all right what was I I was going to show you something awesome I forgot hold on here this is why I don't do this trade it's just it's just takes too much out of me on these ones oh so what I'm doing is I'm playing this is the most recent volume of it there's your stop run these markets have a ridiculous propensity to hit the ATR and come back to the zone that's what we're trading on right so haul this was all born if we were going over I was teaching stuff out of the trading in the zone document are you lost where that is there's that right there right and it says this is straight out of the book exercise to show if you have an edge and you can trade like you can be the casino and trade if you can trade think like a casino where you're trading in probabilities you can make money so we literally did this as an exercise I just said hey you know what let's um let's use the uh because I always say these these these markets come back to the volume events SI volume events I said well I don't why am I I keep saying it's 70% well if I have a 70% trade on my hands why am I not taking advantage of it that's how the trade was born it started a year ago was September of last year and most of my not most of them a lot of my traders in my room take this trade exclusively exclusively like I said though so this is a perfect example with Russell yes they return to the zone how many ATRs does it get out of there before it comes back well you know different days are going to be different but most time it's one and two this one went probably five but look lo and behold right back to the volume event right actually had some new stuff here too so we can trade off of this as well I can't I'm not going to do the reversion trade in there I can't I just can't I can't keep up with these but so here this is the newest event so there's a couple of different things I can do here I don't want to confuse you guys because this is more advanced stuff and this is in my course where I go over advanced strategies of trading these things but you can see the sell I started here you can see it on the on chart right look at the on chart line the black line that's this so it came in it was 170 remember I said I wasn't trading under 300 though well this got up to 300 so I'm going to trade this I'm going to incorporate all these prices that happened in this because it kept spiking down so let's draw this zone happened to be right on top of that other zone so that price might be off a little bit check it I used black for my sell ice then that came down to here so that you can see the line there but it just did spike a little lower actually I guess it was there so I should be drawing the zone to there but it came down during this so I'm just going to incorporate on this one I'm going to incorporate all the prices so there you go that's how I like that zone a little subjective I know most of stuff's black and white that I do but you know these are markets you gotta sometimes adapt and actually even add more stuff here you had another 99 that was still on the zone then you had another 244 that's all on this zone so I like that zone so that's the most current zone so what I can do here is potentially depending on Algo guy if Algo guy's bullish I can take a long off of that original setup and then try my stop to this minus one so this is still bullish it has not pulled the blue under the under the red let me unimpose this for you as well guys so this is for my trading room I just want to show you these reversion traits too um hold on this is in this channel here okay I just want to watch this talks all about and actually get some resources this guy here watches youtube video I posted in the youtube and in discord I guess I think I could do it in there this explains a ton on the Algo guy and you can come up with many strategies so that's in there quickly before I go so this the guy that helped build the spreadsheet is my moderator in here Jay Labrada the spreadsheet is a godsend guy and I'm telling you the thing is unbelievable now you guys have access to it too if you can't get into my room right here so I put the exact percentages you need to do and for if you're doing the ATR trades break even here we are the one ATR trade you got to be a 60 percent trader so if my assumption and that's not my assumption it's my experience is true and when I say these are 70 percent well if you only got it you got to be 60 percent to break even 70 percent you're making a lot of money trading depending on your size see I'm saying so if it's 70 percent on the one ATR that's a profitable trade but just know if you're taking that trade you got to be at least 60 percent just to break even the two ATR is you all you got to be as 42 percent so if you're a 50 percent trader 50 50 you're making very good money on that trade and then the three ATR all you got to be is 34 percent your 30 percent trader on that trade you're killing it so that these other percentages you need to break even and you can learn all about the ATR trade in my room and I'll have a course on it here very shortly but I'm I try not to get too into it because it's just it's just too much on these webinars um all right so let me plug this new zone in and we'll see how we're going to trade this so my original entry off of that first zone this is what whoever was complaining that the H-territory ATRs didn't work while Paul Paul the other fed guy was talking um they didn't have been shorted all these prices you wouldn't have got run over on these because I'll come back to that I'll come back to this zone too I want it because I know there's a lot of ES traders I don't know why because the market sucks I need it and it's where I made my millions of dollars and I still hate it so this one did not get filled for the one ATR so no go on that I could still potentially take the two one ATR coming back if I get a chance but let's focus on position trading on these webinars right now this is just too hard guys I can't keep up with them all right so now I finally got a volume event in ES so let's draw the zone and we'll see where we're at we'll put a position trade on potentially so once again you see these swipes they get first right to the order book what am I doing here why am I not just drawing the zone there well because these stops could have been all the way up here where these sweeps started they get second right so I don't know where they were so I got to start them at these sweeps I know it wasn't at this price actually because this price already traded that would trigger the stops if the stops were up here right so they can't they can't be up there but I don't know where they anywhere in there so I just started where the sweeps started after those prices which would be right here that's that take it down to you can see it on the chart as well helps you draw these zones I'm not going to incorporate this actually a little more came in these were 700 I am going to incorporate this one because it did spike down a little more here if you see a plateau then you don't have to incorporate the prices but this one a little more came in but I don't know if you're new here many new traders you might be like what the hell is this guy doing it'll all slow down get the course or join my room or both I do this every day well I didn't want to do that hold on I'm not using my hockey it's as close together it's all red and yellow and white for my stop runs I just want to know what kind of event it is on the chart right all right so that's that plug let's plug the zone in quickly 44 26 down to 23 quarter is your zone go over to the yes tab I'm going to 6.27 that's a pretty high ATR for yes I'm sorry I just it's just been one set up so far all right so that's that's done so what do we need to see to make this a bullish or bearish set up with the way I judge these again from watching 4.2 million of them is that the eight if it's able to push an ATR outside of the zone then I consider that a bearish event and I can trade to the short side let's see what that price is this is all in your spreadsheet right here validation price if it touches 17 this is a bearish set up it's not got down there yet see just a quick look I'm not going to put this at ATR trade out but if you're taking it you get along in 1750 the one ATR you're shorted you're out at 10 stop out or you're playing back to the bottom of the zone which is 2250 we'll just keep an eyeball on and see if that works I'm not seeing into squall fires I you know I already know the volume is not high from the footprint so you could take this trade as long as this guy's not I'm assuming he's not talking anymore it could be wrong if guys are talking if I guys are talking don't take reversion trades for the fifth time right so we'll keep an eye on that let's see we are a bigger picture what we got going on for position trades it's not a bigger picture that's a five-minute chart this is a bigger picture so this is in an easy zone as of right now I actually did have an easy zone here but I already traded through it I had had it based on this stuff here so this could be but I it already traded through yesterday so I don't like that so this is basically the balance area a couple-day balance area this market launch from so I would not take an easy trade here into this zone I would take an easy trade inflection zone that's all this is here this trading strategy here is he take fade trades with moves into prior inflection zones so again this is what you get and guys this this website's brand new right so this guy just built it for me and may have some bugs but you get that's what you get for this right you can draw these yourself but I draw these for 17 futures markets every day for my trade room right so you get it for free if you're in my trade room but if you want them don't want to join the trade room for other reason I don't know why you wouldn't but if you don't come in here and you get them on the left hand margin here right so this is the zone so as I put up and you come in here I'm going to have a spreadsheet version two where you can just download it in copy the spreadsheet and then be much easier I understand I'll get that's the next on my list but anyway I'm not in an inflection zone to see where we're on the lugs maybe this is a slug take a peek so see our chart you got to refresh her as many times I know there's new lugs here so that's now we got new lugs so it blew through that lug and now there's new lugs so what do we just talk about with NASDAQ for a short term thesis add enough power whatever your variables are to draw new lugs well this should hold if you think this is going to continue lower it should at minimum hold directional yellow prior blue which you not get above there if it gets above there something's up and it's probably head to the red that's how you can think about it thesis wise right I'm not saying I'm bullish this market we come up with thesis based on different things every day we come up with thesis based on marker profile what am I seeing on marker profile this just came down to this prior one this is pretty noisy I like to spread these out see if any of these merged yeah so I wouldn't merge wouldn't merge these two anyway let's see here yeah so that's the most recent oh they're okay they're just merging single day value areas where 70 percent of the trade occurred in those days merging them together and you get a more powerful area so this most recent composites here and you can see that's came right near it and right near this old one and bounce so that's bullish short term if this gets above the blue that's bullish right so I'm coming up with a thesis so what what does that mean I trade both ways right even if I think the market's gonna die which I hope it does every single day I will still trade it alongside because I'm a day trader but if I get trades in line with my thesis so for instance say this this holds this turns into a bullish event well I could potentially trade this if my thesis is bullish I'll trade I'll put on bigger size right it's like an a plus trade I'm trading either way but if I get if I have a bunch of things that are bullish then I'll just put on bigger size right we'll get into that a little bit on the spreadsheet but this looks like this is going to be a bearish setup this is what I expect right now because it has not yeah it's potentially bouncing off of there but this is still holding prior blue directionally else so if this gets motoring down I'm expecting blue luck and if I get if I get short that's going to be my target and plus you got this inflection so what's going on down here so I'm going to keep a close eye if I do go short I'm going to keep an eye into that zone algo guy is bearish so I can take barf and lick trade bark I'm sorry we renamed it bark blind ATR retest confirmed one of my room help name that one but this is bearish so I can take trades to the downside off of those trading strategies bark and lick I can't take him to the long side because algo guy is bearish that's how I'm that's what I use because that's like my filter it's a very powerful filter um I don't see a lot of liquidity down here I just see this one little band here would I get into that trade no why because if you put it down here yeah the risk reward is great wrong color hold on risk rewards great for that trade is the risk reward great to put out a lick trade to trade a little because the lick is just literally trading the liquidity and you're out do I want to trade which this is a spot very important spot gamble as well that's why you're seeing liquidity there the point is am I going to take that trade risking above the zone maybe I'm probably risking like 15 20 points to make three points no that's not a good risk reward on that trade I won't take that but if we go ATR retest failure I will take the bark trade blind ATR retest failure let's see if this see if the ATR reverser I'm not going to take this one we'll just eyeball it go again make sure you're on top of your ATR 6.31 now on team 50 you stop out of 10 you're just playing back to the zone remember this is a less than one to one trade you got to be 60 percent or higher for this trade to be at least 60 percent just to break even so let's see what happens here but for position trading purposes back up to this part of the spreadsheet if this touches six I'm sorry 17 this is an official bearer set up right that's an ATR outside of the zone and that's how I determine my setups again this isn't just I'm the seat of my pants this is from watching a million of these things right so if we go 17 retest failure I will take the short that's that any questions Bruce before I I may have missed something in crude I heard it I just didn't do anything with it there's crude yeah there's a question you guys see why you did these reverser trades it's just I'm watching 15 markets go ahead Bruce yeah there's a question on are you only using aggregate stops to draw zones um they aggregate but no I mean I'll use individual what I don't understand Bruce and I actually said this in my course I put out last night I'm not understanding so when you when you have on the on-chart here what okay show show only stop runs well I've always known stop stops to be stop runs so what what is this like let's just look well there can be just in it would it would show it doesn't change anything there it it it will if if you like uh but a stop is a run that's the thing it's a sweep no I mean it well it doesn't it can be just one price level though and it would filter out um you know it was basically saying anything over one price level yeah exactly I mean it's okay but you could see like this it doesn't change a thing for me on this one so I just have an on-chart I just want to see all slots but yeah most of the time the stops are aggregated right but you can see all this yeah I mean that's a that's a beautiful that's a beautiful one there I mean like that's multiple levels there stops being triggered okay so my threshold is 500 this wasn't quite threshold there it was here right because if I do one of these let's say I want to get in and go down this rabbit hole but you can see these were the sweeps but anyway I trade I draw my zones off of the sub-chart I use the on-chart to help me and this was the initial part of this but then I think they kept coming in it went all the way down to 715 that's why this zone incorporates more prices right so yeah and then look at the retest right back to where that stop run you know finished right I mean it's beautiful stuff well that's what I'm saying like this is what goes on non-stop in the market this is a tier it hasn't filled yet but the guys this these algos just pick up this stuff just like we do and it's just uncanny off and these markets come back to this stuff that's why we have a train for it anyway we still have not gone down to the official bearish price for this market so I'm gonna let this rotate as it usually does a little torture and then we'll figure out there um Azdec and Q this was the latest event there that was that stop run this looks like this did get let's see if the I never did put the ATR trade on the downside here I actually had it working on the upside I canceled that let's see if this one where your fill would have been here if you wouldn't have stopped out of this one 1375 so well first of all for position trading I need to see 11 to make this a bearish sub to that katana 11 yes it did so if you took the one ATR you would have been in at 1375 you stop out of 1750 you're playing back to the zone so you'd be in the one I don't think the the two didn't excuse me the two didn't hit they're in the one you stop out at 8750 so it's this is no subjectiveness you put it in at 11 you're in at 11 you're out at the bottom of the zone or you stop up it's like your own your own little algo right and we're gonna get the straight automated eventually too but again one first things first let's be happy to damn new courses out all right so if you put on that ATR trade or actually I'll put that on as I said I was going to put the mastic one on 1375 I'm sorry yeah 1375 I can put on seven I don't even have that my cue up there so I didn't I didn't get it out if it comes back to 1375 I'll put it on sure that's right 29.84 we'll we'll kind of follow it and see what happens other than that I'm waiting for a retest of the zone for my position trading remember these are two different trades this is ATR this is my position trading for these strategies we got we definitely got the validation price it doesn't matter now 162 so here's the other thing too if I'm in a reversing trade so I should already been in that the minute I hear a new event I'm out I don't hope it comes back to that prior zone when there's a new zone to be drawn right so I got out I would have taken a really small loss there and I'm out now we can trade off this and there's a way though I can trade off the original vet and trade on my stop to this one this is more advanced and I talk about it in my course in my room all the time if you're confused you'll be even more confused but I'll try to walk you through it so this was this event here so I've started there let's see I'm gonna get the right area here this was only 80 this was 100 I'm gonna start it there but I got the this wasn't threshold but this is pretty much where it started you can see on the spike so I got those in there and then here's the rest of it that's where it got to threshold 150 is my threshold meaning a tradable event and NASDAQ 15,000 down to 14,994 what the you see the guy was still talking so let's plug this in and then we start a new right it's been a great thing man if you if you miss a trade there's another setup right around the corner you don't need to be chasing stuff things like that 14,993,75 so there's a way here potentially let's see no I can't so what I was going to say there's a way I can trade wait for the retest failure of this event and then trail my stop to that event I can't do that because if this gets the ATR above here this gets back to this zone this would make this a bullish setup so I can't do this that strategy now I'm not going to get into that it's in the course it's in my room I don't want to confuse people more than this but I was just there was a way I could potentially trade off that prior event but there's not so now I'm waiting to see how this event unfolds if it gets up to 28,75 that's a bullish event that's what I was talking about so 28 if it gets to that zone makes this a bullish event so I can't go short because the I always default to the most recent event I can potentially take a long I can't because Algo guys against me so I can't I'm not going to take a long here I could take a long if this is a nizzy zone so we're going to check here real close let's go over here that's Algo guy this is what I'm showing you I can't take long is when I'm going against Algo guy for the barf trades and electric trades bigger picture this is real close so remember these are zones not exact prices this one is subjective like do I take an Izzy trade out of there this is the basically the high volume note of this balance area as well right so I will I will attempt along here it's not quite to this zone zone was a little lower here and now they're starting to buy these stocks too so I'm going to take this out of here so what am I doing here so I'm going to take an Izzy trade Izzy trades are aggressive entries meaning the first time it gets an ATR out of here the problem with this one is see this is where I don't I don't like this I'm going to be taking along my entry price which is out there on the spreadsheet again is at 33 quarter it's not and I don't like entering in prior volume events this one's below it I usually like so say the volume event was like right here I'll move it outside the volume event to go along though I'm going to be I already know if I put this long in I'm going to be dealing with some major torture why because these events are where traders got run over so what do you think the traders that were long they bought in here that got run over with stop runs traders that were long here that got run over with stop runs anyone that's holding on to this trade what are they doing when it comes out what are you doing when it comes back if you have big size on and you don't puke out which this was probably some of these pukes that the guys tried to hold on right there this is the beauty of book map you could see exactly what's going on in the markets but if you are the trader that got run over here and you were holding your breath saying please don't go down please come back please come back what are you doing when it comes back here you're getting the hell out because you were wrong like price is wrong I swear on that from happy Gilmore anyway you're getting out so my point is if I do go along this trade it's got to get through these areas I'm going to get tortured very likely right so yeah I could put this on but I know the tortures come in so what will I buy this I'm hoping we get more moved down so I'm not questioning my area right but sometimes things are subjective like I said this is I mean not slap you in the face black and white if we get into the end of this inflection zone then yeah it's I have no problem but this is like right above it this is you know this is a thinking of the word not a gut call I can't think of the word so I got to decide what I'm doing I just hope it just moves down I have to question it we get another stop running here and then I have no problem taking that issue so we'll keep an eye on this other than that this is an important zone structure-wise right so you had balance for the last couple days last three days here's the high-volume node this is where this market launched yesterday if this gets through here that's a fail breakout of the structure I'm expecting much lower prices right so and then the upside let's say this basically you had the balance here that basically held right at that high-volume node and failed I didn't have a zone there you could draw zones to the high-volume nodes I don't usually draw unless they're confluent something else just because I'd have too many zones on the chart but that was an area that you know that's not doesn't surprise me that it felt I was short from there but I wasn't short because I wasn't short of nizzy cherry I was short the birth tree like I talked about all right um so I got to decide if I'm going to take this long or not let's see what he has to do and now they're starting to swipe too I'm going to I'm going to take it along this is where you can use your sweeps to help you too talk about this in the new course that's another part of the course I know I keep showing this but just so I finally got the damn thing out there's so much more in this course guys that's all about sweeps over here right there sweeps indicator there you go so I'm getting some information with the sweeps somebody's starting to buy this we saw the the tick strike the stocks are starting to turn up so I'm going to take this long I know I'm going to be tortured 33 quarter and here's your rip here's what I'm risking if I'm going to risk $500 on this trade I can put on I'm going to round up four that's a little more than 500 bucks this is the Izzy trade get that this there's 70 in my Apex what do I say I can put on four 33 F right all right so that is working 33 quarter sorry see what a what a beauty this thing is like I don't have to sit there and guess like you could watch it in my old webinars I would just be eyeballing this I'd be like okay the ATR is 30 so 30 points above here that's right around 30 right so obviously that's an easy one but you just plug this stuff in the spreadsheet and it's all right there for you so I mentioned 10 times you have access to this now it's a new site so bear with me if you're having problems with it you just shouldn't work fine but don't be sending me hate mail if it's not working right away we'll get it squared away all right so that's working I will go along on that setup but like I said I fully expect to be tortured as it tries to get through these prior events but if it can live through there then we may get through relief really that usually always happens in these equity markets and if it doesn't get there I can still if my validation price for this to the upside isn't it I can still take a short off of this zone too so we'll keep an eyeball on that let's see what's going on with the S here just bounce around the zone it still hasn't shown me what this is again if this gets down to 17 then I can that's a short setup and then I can trade it just stay on top of your atr like I keep saying here's down to six now now this is 17 quarter so we got a faggot if a faggot is still talking so I would be careful I think that's what you just said I would be very careful taking any reversion trades while this guy's talking like I've been saying all right any other questions Bruce on this stuff I'm going to draw this I may have already missed this trade in crude but you had 173 sell ice here to get on the chart as well this is an example where you don't have to incorporate these prices they basically stop spiking right there there's a question on your exits on the bark strategy what about it that is what's the objective exit on that right so I talked about that right so the position trading is more subjective the reversion trades are slap you in the face prices do you just plug them in you get in you get out it's all right there position trades are subjective that's what I've been showing you guys right so that is where these are the areas I get out you may have your own important areas I pay myself as the market makes money available to me all these areas if I have opened that I showed you where I was getting out of the Nasdaq trade this morning right those were important areas where I peal out of some right we've already gone over this but remember I got out of the final at the blue lug and that cost myself another 80 points but that was you know that was my decision I if I was staring at it I probably would have held it see if we built new lugs which we did and what did it do it help you know our direction on a prior blue I expect that the point is as this market moved money available to me this is one of the areas I got out the bottom of this this is one of the areas I got out there's stuff up here I didn't want over it but yes this is more subjective I have my areas you may have your own areas right so when you put on position trades I will get out of portion so I had six on I got out of four total you know on the way down and I got and I held two I always try to hold a portion to the major lugs and that's where I got out of here I didn't have a chance to watch to see if it had the power to bust through here the point is I got out of some as the money made me as the market made money available to me so I got out of some there there's actually remember some there at the baby luggers could float with something on the market profile can't remember right now and I got out of the rest there so this is more subjective but you have my areas and I go over this every day in my trade room when I come out with this this is coming out in the next week too the trading strategies of course I'm going to go over these trades and then all these areas that I get out on the trading in the zone document right so that'll all be part of it but that is more subjective right I totally missed this trade hopefully that wasn't an easy trade let's see hopefully that answered your question but yeah it's definitely subjective right it's position trading and it wasn't an easy trade so this this zone's holding and you can see these buying tails this is just confirming the power of this zone and what's this zone is the top of this balance area this is where this market launched buying tail yesterday buying tail today that's telling me this should move up and if it doesn't then watch out so this is the line in the sand today that gets below there let's say we've been coming down to this high volume node of this balance area and or these zones if not probably coming back up to here what it looks like to me now this is just forming a balance area right and then you can judge when it breaks out of there so I didn't take that trade and crude obviously but that was the zone and launched out of there this is what I said look I mean look look at the power of these things it's like they're ridiculous this is why it's the crux of my trading this is what got me back into the game I was out of trading couldn't make money anymore elbows were killing me held on for seven years too long you had to leave the business you guys all know my story or you should if you've been on the prior webinar you I don't mean you should know my story I mean if you've been on prior webinars I've talked about it many times right I had to get out of the game Dr. Brett on my website wrote the book Enhancing Trader Performance again this is my site all my stuff's on here it's in a document too oh what I was going to do today too I have I finally have the videos of my trading when I was this guy right when this when I made the millions of dollars trading scalping I have the videos I bought three different camcorders off of ebay to transfer the videos because there are only as many dbs because that was that's how old I am right so two of them didn't work I finally got one that work I couldn't get it all done so next week so this is kind of like a cliffhanger next week on the book map webinar I will show you can watch me flipping thousand lots scalping so that's it there's really not much to it but you can it's going to be it's not for kids errors because I sit there and swear about all time but you guys are going to be able to see that next week so anyway what I was saying getting to was this guy sat behind me for a year and watching me as I did that right to see what may be input me in this book so the point is this guy called me he knew I was out of the game and said this is 2017 hey you may want to look at the software called book map it reminds me of what you used to do as far as how you used to do the orders in your order because that's how I used to trade just off the dome the minute I saw this I knew I was back and that was before this stuff so that has been my evolution my story it should resonate with everybody I went from zero to millionaire I started out training one lots right made millions couldn't make money anymore back down to zero that did how did take up medical sales to support my family because I couldn't make money and introduced the book map I'm on my way back so if this can happen to me it can happen to you should resonate with everybody on this webinar it's not like I'm some dude on here standing in front of a Lamborghini telling you I never lose on trades and all I've done is make millions of my lifetime so that should be inspirational for you right so this got down to my official validation price to the tick well that's a real shocker isn't it I can't believe I wonder if that's going to come back to the zone oops there's my videos from yesterday um looky looky I wonder what's gonna I don't want to jinx you guys if you if you took the ATR trade so if you took the ATR reversion trade that's this part of the spreadsheet 1775 you're out of 2275 see if that happens position trading wise now I got what I wanted to see we got the ATR we got if this comes back retest failure now I'll go short and I can go short this market because any of these markets actually because the algo guy is in my direction this is the exponential warming average I already posted what that was the trades work way way better when you're on algo guys sides I will take the hey look at that is that a retest of that well golly gee will occurs did that just do an ATR retest of the zone it's almost like this trade works a little bit 1775 you're out of 2275 there you go right there and of course I didn't take this one um your own eyes right there if I told you how many times this happens to the high events you would fall out of your chair in my room you see it you see guys just posting all the time one ATR work one ATR work two ATR work so that's the trade now if it comes back and going short back up to this side where do I go short 1625 just as long as this is correct it's 5.80 now put on I'm gonna round up you know I have to I'm gonna round up though it's up to seven I'm gonna put on seven short MES at 1650 and this is the barf trade the bark trade sorry change the name blind ATR confirmation retest confirmation so what did I say six or seven seven all right so if that trades 17 or 1650 I am short so you see here I could have opposing positions on do I like opposing positions between nasdaq and ES absolutely not but I'm trading off what I see in these markets I don't I'm not like a relative guy um what's the word just like a spread type guy we're like oh nasdaq that actually be long short long one short the one but it's a confluence that guy where well I don't want to be I don't want to be long nasdaq if ES is so and I'm short yes if this is telling if my volume events which are the most important thing I don't know if I've mentioned that about a million times if they say to go short I go short here if they say to go long in nasdaq I'm going along the nasdaq yes it's probably yeah one's probably gonna lose one's probably gonna win in this instance doesn't matter you just keep taking them you're like the casino you keep dealing the hands right it's probabilities on the short term everything's random I can randomly be stopped out of these trades long term I know this is the best edge I've ever seen in futures trading I will be profitable as long as I take as many as I can that's what trading is it's all in here you're lucky I'm out of breath right now or I would do my usual rant all right you guys are lucky I lost the spreadsheet I mean my document I'm gonna go here this you guys are not lucky right here so I can tell my trade room you have if you come to my trade room you have to tattoo this to your forehead this this document or at least read it every morning right so this tells you what your consistent winner this tells you the five choose about trading anything can happen you don't need to know what's going to happen next I don't know what's going to happen next nobody knows what's going to happen next unless of course you're the Fed that puts trades on they used to be able to put trades on which is ridiculous don't get me started on that one there's a random distribution between wins and losses random right that means you put them all on and if you have an edge which I do which this is for any given set of variables to find an edge so I don't flip out if I have a loser if I have two losers if I have three losers I know that this is the best edge that could possibly be had in the futures market in my opinion so I just keep putting them on and you will make money in the long run I will make money in the long run if I follow my rules my rules are all set out in my trades in my trading strategies and in my spreadsheet where I get in get out that's it like I said the position trading is a little more subjective where I get out but still pretty straightforward very personally I'm seriously delighted I've been chirping so much no no we're all good Scott I think we're all caught up on questions here it's good to have you back in here where I'm not having to read all the questions too that's nice glad you could take time out of your day to entertain entertain the webinar yeah yeah it's sure you missed the razzing as well well it's tough I mean there's so many things going on over in book map as you know and we've added a lot more streamers now as you've probably seen so yeah it's just it's just not possible um but uh that was fun though uh you know that was uh you know being on the webinar with you and also jay trader but uh I just can't can't do it any right here yeah all right so waiting for a fill on the short potentially and remember I can still potentially go along our short this nasik setup too I don't think this has ever got the maybe 10 let's see this invalidated then I can't put on the short what was that price just make sure this is up to date like I've been saying this entire webinar what is it it is 29.0 let's get to the short invalidation price 29 I think it did still does that is that the exact tick that's a real surprise right new setup in azek I couldn't go short because of the others are knowing like I said guys don't chase anything there's always another setup right around the corner I am short yes I think that reversion trade worked why did I not get what did I do wrong the reversion work trade nasi worked perfectly too so did you see so you see what I'm talking about this reversion trade worked in both both ways it worked from here to there and there in the nasdaq and it worked from there to there in the s right it's just it's ridiculous how it happens all right so I'm short it's like I have filled the tick as usual now here comes the torture but I follow my rules guys this is out this is trading right I mapped it out I have my rules based on this is the it's actually the bark trade now put that on got short of 1615 my stop said 3275 and I know what a lot of you guys are saying what the hell he's risking what are you you're risking 16 points on an a straight I like to risk two points I like to risk two points too I don't risk two points because the volatility and the zone is telling me I have to risk that to stay out of algal algalville to get stopped out of my trades right so I am making this trade for me to be proven wrong on this particular trade not only does it have to come back in atr here it's got to get through the event and it's got to get an atr here there are ways to trade this more aggressively I talk about actually the ultra aggressive entry in my course where you get in the minute it breaks below the zone after you see the event you stop out right you get out right above like this one you'd still be in very little risk on in that on that type of entry right I am too old for this game especially when it does this and you can you can enter a couple times again I talk about it all about it on in the new course I demand the atr to get in atr to get out it just keeps my mind clear I'm watching so many markets I don't have to be on top of the trade but I say this every webinar this is the science how you trade it is the art I give you a couple different ways to trade atr so I'm risking more points what do you change do I change my risk do I impose my will on the market no I change my size so say this was a two atr well look at that right now I could put on 14 because I'm risking a lot less so I adjust the volatility I don't impose my static stops into these markets and if you're doing that I'm telling you you're not going to make it over the long run you make it away with it for a while you're not going to make it these markets don't care that you want to risk two points these markets care about this stuff right so please stop do yourself a favor stop getting algode on whipsaws like I showed you that nasaq trade if I got out if I panicked out of that thing I would I've known missed a 200 point move right I didn't it didn't stop me out because it didn't get a full atr above that event I showed you I stayed in the trade the whole way down to the blue look I got out of some on the way down but I got the rest of the blue look all right so this may be a tough area to get through and I know that but you know if when you look at my trading strategies do I say I don't put on trades if it's into the into the spot gamble major spot gamble you could put this in there I'm not saying you have to trade in these exact strategies like I'm trading but you see my bark trade it doesn't take any trade on si volume event that has an a tier retest this is supposed to be confirmed you've changed it not fail you don't see unless it's in the spot gamble right what does that mean that means I that's not part of my trade plan I'm taking the trade you could say I take all trades all bark trades unless they're into major spot gamble levels or major logs I don't take those absolutely fine go ahead that's probably a good idea right like right here like to set up a nasi do you want to take that into the lug this has a very good chance of bouncing off the logs I don't know if I mentioned these things today this one broke this one will probably bounce because it's gone down so much I don't know I said probably nobody knows right but my point is you can come up with your own rules take my stuff and then and then mold it to your to your the way you want to trade and what's this this is almost threshold here it's not quite you can see look look at the look at the information you get here right so this was a little bit of ice this is the same house they brought it now and they're still buying it that's just that I mean how do you see that on a bar chart you don't it's incredible information right and we have ways to take advantage of it like I tell you guys all the time these markets are completely 100% manipulated and rigged actually I'm going to draw this because you had 200 here another 600 here so I can trail my stuff now to this event so watch how I do this the point is if you can't beat them join them you can see what they're doing they're playing games all day long on you well you at least you can see what they're doing now it's just huge right it's like this is why I'm still trading if I didn't have this I would not be trading I'd be sitting in a doctor's office in his waiting room getting coughed on waiting to go show him my latest medical product kissing his ass which is really fun minus the fun part let's get this up here anything wrong with it you guys got to make a living I understand that's why I had to do it but I'm saying if you want to do this for a living this is the this is the edge that I've seen the best edge I've ever seen right so take it take it and do what you want with it so the the good thing about this now is I can put this in the spreadsheet so remember where my stop was I just got done talking about risking 16 points well guess what now I could trail my stop and it's not because I don't want to lose money it's because there's a new volume event that the market cares about I'll plug this in and watch how my stop changes 15 quarter down and forth that should be on the exact price why isn't it on the exact price that's why so I I merged two together here this wasn't threshold by itself I use 700 is my threshold it was pretty close on its own but we saw that yellow line that's the same house and there was 200 over here so that's 800 that's my zone 15 quarter 14 plug that in the spreadsheet now watch how this changes so my original stop on my short that I'm short is 3275 I put this in the zone because I can't remember five seconds ago 44 14 EPR 5.79 that's right so exactly what it is pretty much all right so now my stop's at 22 so I just knocked off 13 points of risk off of this trade so let's see where I just don't want to stop on that prior event which I would be we're pretty close so you can do one or two things here I don't like stopping out in I've already talked about this in prior events because you the spark are very likely will come here hit this and then do this why because the trade has got run over and need to get out very covered that too I personally don't have to do this right you can leave it there I'm going to move it up to there I'm already saving some so now I'm not saving 15 points but I'm going to get it out of that zone so instead of here I'm moving it there that's my personal preference you could just stop out normally here and now I'm really risking this five points on this trade or five and a half points because we got into 1650 right I'm going to move it to man it pushes through that zone so my stop's going to be 2650 once again you can do whatever you want to do you can heed my advice trade how I trade incorporate the rules I use or add your own stuff in right so now there's a way potentially I could add to this trade what do I need to see validation point remember we're waiting for the last one what's the new one the new one is a way quarter and I can trade this thing the same way so you can see on trending days you can have multiple positions on you have one position on I can put two positions on you get another set up three four five however many and all you're really doing is trailing your stop to that last event and then you make money on that one that one that one you just lose on them on the last one see how that works so let's see what happens there well we're already well I've been on this for hour 40 Bruce I didn't realize that is that right yeah wow doesn't time flies when you're talking non-stop all right well I mean I'm into I'm into the the Tommy guy right is he yeah yeah it would probably be best to to wrap it up if we can okay all right so I mean you guys are seeing well this is what I do I do this every day in my trade room this is how I trade once again new course it's in that it's in that in the document Bruce posted it and then you got the spreadsheet if you guys want to access to this if you can't get in the room you got this but this is this is how I trade the best edge I've ever seen this is all the information you need to to this you know to be a profitable trader in my opinion so otherwise you got questions you can always email me come in my room you can fire questions all day there there are a lot of traders and then in there a long time capable traders that can answer your questions as well and I'm answering there as well so other than that Bruce there's no other major questions and so she wrote yep yep no thank you very much Scott and yeah I put all the links into the chat there and we'll then Scott's here every Thursday we'll see you next Thursday Scott okay yeah and quickly I'm watching blue lug here I'm watching baby lug I'll I'll piece out of some of these potentially baby lug is it looks like it's going to be confluent with the bottom of this prior one which is close to this point in control if not it's blue lug is my main target for that and then also tune in next week because that's what I'm going to show my old trading you guys can see what I'm talking about flipping the flipping the huge size and listening to me swear it should be quite quite entertaining so I'll see you guys next Thursday thanks Bruce thanks Scott bye bye